Deutsche Bank provides solutions for California solar project
Deutsche Bank provides CIM Group with a full suite of banking solutions for 250 MW solar project in one of world’s largest permitted solar parks.
Deutsche Bank is supporting CIM Group’s Aquamarine project, a 250 MW solar photovoltaic project being developed in San Joaquin Valley, California. Aquamarine is the first solar energy project scheduled for completion at Westlands Solar Park and expected to be fully operational by the fall of 2021. Westlands Solar Park is one of the largest permitted solar parks in the world, with the capacity to develop more than 2,700 MW of new renewable power and supply clean energy to more than 1,200,000 homes.
Deutsche Bank provided CIM with a full suite of banking solutions from its Investment and Corporate Banking divisions acting as lead arranger, administrative agent, collateral agent and account bank.